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Cumulus Media Inc (CMLS.OQ)

CMLS.OQ on NASDAQ Stock Exchange Global Market

15.87USD
15 Feb 2019
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$0.27 (+1.73%)
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Latest Key Developments (Source: Significant Developments)

Entercom To Acquire Nash FM 94.7 In New York
Wednesday, 13 Feb 2019 

Feb 13 (Reuters) - Entercom Communications Corp ::ENTERCOM ENTERS INTO DEFINITIVE EXCHANGE AGREEMENT TO ACQUIRE NASH FM 94.7 IN NEW YORK AND TWO STATIONS IN SPRINGFIELD, MA.ENTERCOM COMMUNICATIONS CORP - TRANSACTION IS IMMEDIATELY ACCRETIVE TO ENTERCOM..ENTERCOM COMMUNICATIONS CORP - PARTIES WILL BEGIN PROGRAMMING RESPECTIVE STATIONS BEING ACQUIRED UNDER LOCAL MARKETING AGREEMENTS ON FRIDAY, MARCH 1.  Full Article

Cumulus Media Announces Two Strategic Portfolio Optimization Transactions
Wednesday, 13 Feb 2019 

Feb 13 (Reuters) - Cumulus Media Inc ::CUMULUS MEDIA ANNOUNCES TWO STRATEGIC PORTFOLIO OPTIMIZATION TRANSACTIONS.CUMULUS MEDIA INC - SELLING SIX STATIONS TO EDUCATIONAL MEDIA FOUNDATION FOR $103.5 MILLION;.CUMULUS MEDIA INC - NET PROCEEDS TO PAY DOWN DEBT AND REINVEST IN GROWTH OPPORTUNITIES.CUMULUS MEDIA INC - EMF WILL ACQUIRE ALL TRANSMISSION EQUIPMENT AND ASSUME ALL TOWER LEASES ASSOCIATED WITH STATIONS.CUMULUS MEDIA INC - UNDER TERMS OF SWAP AGREEMENT WITH ENTERCOM, CUMULUS WILL RECEIVE WNTR-FM, WXNT-AM, AND WZPL-FM IN INDIANAPOLIS.CUMULUS MEDIA INC - UNDER TERMS OF SWAP AGREEMENT WITH ENTERCOM AND ENTERCOM WILL RECEIVE WNSH-FM (NEW YORK, NY) AND WMAS-FM AND WHLL-AM.CUMULUS MEDIA - RELATED TO SWAP AGREEMENTS, EACH PARTY TO COMMENCE LOCAL MARKETING AGREEMENT TO PROGRAM OTHER PARTY'S STATIONS BEGINNING ON MARCH 1.  Full Article

Cumulus Media Q2 Revenue $285.2 Million
Monday, 20 Aug 2018 

Aug 20 (Reuters) - Cumulus Media Inc ::CUMULUS MEDIA REPORTS OPERATING RESULTS FOR SECOND QUARTER 2018.Q2 REVENUE $285.2 MILLION.CUMULUS MEDIA- DILUTED EARNINGS PER SHARE FOR PERIOD FROM JUNE 4, 2018 THROUGH JUNE 30, 2018 $0.25.  Full Article

Cumulus Restructuring Plan Confirmed By Court
Tuesday, 1 May 2018 

Cumulus Media Inc ::CUMULUS RESTRUCTURING PLAN CONFIRMED BY COURT.CUMULUS MEDIA INC - RESTRUCTURING PLAN CONFIRMED BY COURT.CUMULUS MEDIA INC - UPON COMPLETION OF RESTRUCTURING PROCESS, COMPANY'S DEBT WILL HAVE BEEN REDUCED BY MORE THAN $1 BILLION.CUMULUS MEDIA INC - EXPECTS TO EMERGE FROM CHAPTER 11 BEFORE END OF QUARTER, AFTER CONDITIONS TO PLAN ARE SATISFIED.  Full Article

Cumulus enters restructuring support agreement to reduce debt by over $1 bln
Thursday, 30 Nov 2017 

Nov 29 (Reuters) - Cumulus Media Inc ::CUMULUS ENTERS RESTRUCTURING SUPPORT AGREEMENT TO REDUCE DEBT BY OVER $1 BILLION.CUMULUS MEDIA - ENTERED RESTRUCTURING SUPPORT AGREEMENT WITH SOME LENDERS, HOLDING ABOUT 69% OF CO'S TERM LOAN TO REDUCE CO'S DEBT BY MORE THAN $1 BILLION​.CUMULUS MEDIA -HAS AMPLE CASH ON HAND TO SUPPORT BUSINESS DURING RESTRUCTURING PROCESS; DOES NOT INTEND TO SEEK DEBTOR-IN-POSSESSION FINANCING​.  Full Article

Cumulus Media says ‍on Nov 20 co received notification from Nasdaq
Tuesday, 21 Nov 2017 

Nov 21 (Reuters) - Cumulus Media Inc :Cumulus Media Inc says ‍on Nov 20 co received notification from nasdaq - SEC Filing.Cumulus - notification says due to noncompliance with nasdaq listing rules Nasdaq to delist co's class a common stock from nasdaq capital market​.Cumulus - Nasdaq delisting to suspend trading in co's class a common stock effective at open of business on Nov 22​.  Full Article

Cumulus Media engages in talks about potential restructuring alternatives
Monday, 13 Nov 2017 

Nov 13 (Reuters) - Cumulus Media Inc ::Says engaged in separate discussions with certain noteholders regarding potential restructuring alternatives - SEC filing.  Full Article

Nippon Telegraph and Telephone unit to acquire 100 pct stake in Secure-24 Intermediate Holdings
Monday, 13 Nov 2017 

Nov 13 (Reuters) - Nippon Telegraph and Telephone Corp <9432.T>:Says co's unit NTT Communications Corp signs agreement to acquire 100 percent stake in U.S.-based firm Secure-24 Intermediate Holdings, Inc (target company) on Nov. 13 (U.S. time).Says target company is mainly engaged in managed IT service business .Other details are not disclosed .  Full Article

Cumulus Media reports Q3 revenue of $287.2 million
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Cumulus Media Inc :Cumulus reports operating results for third quarter 2017.Q3 revenue $287.2 million.Cumulus Media Inc - qtrly earnings per share $0.04‍​.Cumulus Media Inc - qtrly revenue $287.2 million versus $286.1 mln‍​.  Full Article

Cumulus announces selected preliminary results for third quarter
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - Cumulus Media Inc :Cumulus announces selected preliminary operating results for third quarter 2017.Sees Q3 2017 revenue $286 million to $288 million.Cumulus Media Inc - ‍for three months ended September 30, 2017, company expects net income in range of $0.3 million los to $1.7 million​ income.  Full Article

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